We construct a momentum factor that identifies cross-sectional winners and losers based on a weighting scheme that incorporates all the price data, over the entire lookback period, as opposed to only the first and last price points of the window. The weighting scheme is derived from the...

A strict social welfare function (SSWF) that always yields an asymmetric binary relation with a single maximal alternative induces a social choice rule on its domain. It is known that if the induced rule is strategy-proof then it can also be generated by a SSWF satisfying non-reversal. This...